Rodent Regatta

AN INDUSTRY WITH A SHORT MEMORY & LITTLE CONSCIENCE
The telecom industry

SBC Pacific Bell Is Fined $27 Million [Wall Street Journal]

Remember ”slamming” – the tactic of switching your long distance carrier without your approval. How about absurd long distance rates? Have you ever received a call from your current long distance provider simply letting you know that your next phone calls will be at a new, lower rate? Of course not.
There’s an old quote in some of Warren Buffett’s writing that says, ”you never know who is swimming naked until the tide goes out.” With the Internet bubble now a memory and telecom players failing right and left, it’s no wonder that Qwest is being investigated, Worldcom’s executives will be on Capitol Hill Monday and SBC is paying a fine.
We may be looking at an industry that is as short on integrity across the board as many that I’ve seen over the years!